China trade surplus with US rises by 11% in June
14:41
China's surplus in trade with the US rose in June to $29.92 billion, up by 11 percent compared to May. At the same time, both imports from and exports to the USA were reportedly lower, according to the data of the Chinese customs office announced on Friday. In the first half of the year, China's surplus in trade with the US increased to almost $140.5 billion, up by 5 percent in comparison to $133.76 billion y/y. Imports from the US to China fell in June by 31.4 percent (27 percent in May) year-on-year, and exports to the US decreased by 7.8 percent (4.2 percent in May) versus last year.
June was the first full month of increased trade tariffs on Chinese goods sold to the USA worth $200 billion a year. Washington raised tariffs for these products in May, when bilateral trade negotiations collapsed.
